Aye EyeManning would have enthused over MPI as it is a point of...

Aye Eye

Manning would have enthused over MPI as it is a point of difference from other projects. But if you think there was a great response, or that there will be, you are dreaming. Do some research. Mesabi IMTK3 is still losing money, and still operating at well under capacity. It is 6 years since they decided on ITMK3. At least two others who were going to use the process, and had spent money on it, have pulled out. Others are still watching Mesabi,and are are undecided. Mesabi do have the benefit of the end product being used internally. Is Brett Manning especially clever? I cannot beleive that anyone who is well-informed would have a bar of it at this stage.
Scrap metal, DRI and iron nuggets will always affect its viability.

TFA's $800,000, could have been a token gesture, as they pulled out of a deal that was going to cost a s-load more.

The announcement I read, said "including working capital purposes"

I cannot make sense of the numbers. Can you help me Eye?